I understand that people have been paying a particular rate for 10 years and Obama is going to have the taxpayers paying a higher rate next year.

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Um, I believe that, in regards to the Bush tax cuts, that Obama would have only the taxpayers who make over $250,000 a year pay a higher rate. I don't know about you, but that doesn't include too many of the taxpayers I know.

So if we end the foolish 2% reduction on social security taxes, it WILL NOT BE a tax increase.

Same goes for Bush's capital gains tax cuts.

NEITHER one would be a tax increase because both were TEMPORARY tax cuts.

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Long term no, but short term yes, it is. I think that's the problem people are having with letting them expire. Of course, the problem with anything "temporary" in government, is that it becomes an eventual permanent. Look at EBT cards. Does anything think "cutting" those to previous levels will be welcomed by many? Good luck.

I'd also like to build on your point by saying that "reducing" a planned increase in spending, is not actually "cutting" spending. Cutting spending means spending less next year, than you did this year.

This is the difference between a socialist/progressive/communist and let's say a Tea Party member.....they believe that your money is the government's money and that when they take less of it they are giving you a tax..."cut".

It's my money....not yours....not the government's money. When the government takes more money from me, it's a tax increase because it's my money and not the government's money.

This is the difference between a socialist/progressive/communist and let's say a Tea Party member.....they believe that your money is the government's money and that when they take less of it they are giving you a tax..."cut".

It's my money....not yours....not the government's money. When the government takes more money from me, it's a tax increase because it's my money and not the government's money.

He is absolutely right. The money we earn is indeed ours. It's not anyone else's. The government takes from us. Some people actually believe that the money we earn is not ours. That it is the governments, and therefore the government merely decides how much of their money they will allow us to keep.

Um, I believe that, in regards to the Bush tax cuts, that Obama would have only the taxpayers who make over $250,000 a year pay a higher rate. I don't know about you, but that doesn't include too many of the taxpayers I know.